Cyber Liability Insurance

Cyber liability is the loss that can arise from a wide range of electronic exposures, including the theft, destruction or modification of customer information or data.

All companies have some exposure to cyber risks to one degree or another. Any business which has data on third parties or employees should consider their exposure. The more voluminous and sensitive the information, the greater the potential liability.

The risks associated with cyber threats are becoming more and more apparent with businesses experiencing threats on a daily basis.

The most common cyber threats include:

Hacking

Denial-of-service attacks

Information extortion

Software glitches

Lost or stolen phones and laptops

Privacy violations

Rogue employees & contractors

Employee mistakes

The extent of these threats can range from being a nuisance to a major crisis that can lead to a damaged reputation and expose your business to financial loss.